AltaGas acquires 50% interest in Black Swan Aitken Creek gas processing plants and processing, transportation, and marketing agreements

On October 2, 2018, AltaGas acquired a 50% ownership interest in certain existing and future natural gas processing plants in the Aitken Creek area from Black Swan Energy Ltd.

Stikeman Elliott LLP acted for AltaGas Ltd. in this transaction as well as related joint venture processing, transportation and marketing agreements, that also include new AltaGas liquids handling infrastructure, for a total capital investment by AltaGas of approximately $230 million.

The Stikeman Elliott legal team consisted of Kurtis Reed, Fred Erickson, Stephen Wintermute (Commercial), Susan Hutton and Jessica Rutledge (Competition), Julie D’Avignon and Kevin Guenther (Tax), Rachel Hutton and Daniel Yip (Real Estate), and Leland Corbett (Banking & Finance).

Norton Rose Fulbright Canada LLP acted for Black Swan Energy Ltd. in this transaction as well as with respect to related joint venture processing, transportation and marketing agreements. The Norton Rose Fulbright legal team consisted of Kevin Johnson, Ryan Keays, Thomas Collopy and Alisha Alibhai (Commercial), Marlow Gereluk and Amy Yang (Banking & Finance), and Darren Hueppelsheuser (Tax).